Bitcoin's MVRV Ratio Indicates Market Equilibrium

According to BlockBeats, CryptoQuant analyst Axel noted on social media that Bitcoin's annualized adjusted MVRV ratio has reached the 1. 0 range. This indicates that the short-term average (30-day) is nearly equal to the annual average (365-day). The annualized basis remains positive, with its curve maintaining a horizontal trend due to the offsetting forces of a strong rise followed by a cooling of the 30-day indicator in line with volatility and profit-taking speed, while the heavier 365-day average still reflects growth momentum from recent months source: https://www.binance.com/en/square/post/28869538622290?utm_source=BinanceNewsRSS